Acting on behalf of private investor clients, Vickery Holman’s Plymouth office are pleased to announce the letting of the ground floor of Prideaux Court, Palace Street, Plymouth to Enterprise Plymouth Limited.
Prideaux Court is a 5-storey office building within the City Centre located on the junction between Palace Street and Buckwell Street in close proximity to the Barbican and the Law Courts. The ground floor offices measuring 135.64 sq m (1,460 sq ft) have been let on a new 5 year effective full repairing and insuring lease off an initial quoting rent of £9.00 per sq ft (approx £14,000 per annum) exclusive. The deal includes 2 on-site car parking spaces.
Commercial Agent, Mark Potter of Vickery Holman comments, “We are pleased to complete this letting to Enterprise Plymouth Limited, who were looking for quality office accommodation located within the City Centre.”
”Vickery Holman can report that even in the continued tough economic climate which has impacted all sectors including the office sector transactions are still taking place. We are seeking an uplift in office requirements both in and out of the City Centre. Applicants are looking to take a positive stand regarding their accommodation strategies triggered by pending lease expiries or break options and we have a number of deals in solicitors hands.”
Prideaux Court is managed by Envoy Property Management (Vickery Holman’s subsidiary property management company) and is a good example of a well presented and managed office building.
Vickery Holman are also marketing the first floor (1,600 sq ft) and fourth floor (1,810 sq ft) of Prideaux Court. Each floor benefits from 2 parking spaces and incentives are available – subject to tenant covenant.